...the average monthly page views at The Drudge Report have been 250 million. EconomicPolicyMonitor.com (EPM) calculates that traffic of this size results in multi-millions in monthly revenue for Drudge...Given that the average price to earnings ratio in the, slowly declining circulation, newspaper industry is 23, a value on the internet driven revenue stream of Drudge can easily justify a near billion dollar value for the site, maybe more...